📋 Tender Overview
Released on June 23, 2026
SaskPower spent 1.8 billion in 2025-26 to modernize, grow and sustain the provincial electricity system. The company tabled its annual report today.
Saskatchewan is continuing to grow, and a safe, reliable and affordable supply of power is more important than ever, Minister Responsible for SaskPower Jeremy Harrison said. Guided by our , in 2025-26 SaskPower continued to maintain and grow the provincial power grid, and took concrete steps toward extending coal-fired generation as a bridge to nuclear power.
During the past year, SaskPower continued to make significant investments to modernize and grow Saskatchewans power system, SaskPower President and CEO Rupen Pandya said. We are focused on delivering reliable, affordable power for our customers today while taking practical steps to prepare for the provinces future energy needs.
The capital investment program included 1.1 billion on growth projects, such as new generation facilities and expanded grid capacity, and 579 million in sustainment activities to repair and upgrade aging generation, transmission and distribution infrastructure. 116 million was spent on other strategic investments, such as continued work on the Regina Operations and Maintenance Complex.
SaskPower reported a net loss of 114 million for the past fiscal year. The 190 million decline in net income from 2024-25 was driven by the discontinuation of the federal carbon charge rate rider collected from customers effective April 1, 2025. The Crown Corporations balance sheet remains strong with a 78.9 per cent debt ratio.
Notable accomplishments for 2025-26 include:
Initiated the Coal Life Extension Program as a bridge to nuclear power. The program will see life extension of all seven coal-fired generating units - Boundary Dam Units 3, 4, 5 and 6, as well as Shand and Poplar River Units 1 and 2.
Began the formal process to evaluate large nuclear reactor technologies for use in Saskatchewan. The technology selection process will take place in parallel with SaskPowers existing nuclear small modular reactor project.
Passed the 60 per cent completion point in construction of the new 370-MW natural gas-fired Aspen Power Station near Lanigan. It is expected to reach commercial operation by the end of 2027.
Reached a record 165 million in Indigenous procurement spending for 2025-26. This included Indigenous participation in major capital infrastructure projects, including multiple transmission line projects supporting key mining customers and northern communities.
Achieved a record- breaking 1 billion in procurement commitments with Saskatchewan suppliers in 2025-26. This reflects SaskPowers continued focus on strengthening local supply chains, supporting Saskatchewan businesses and workers, and investing in unlocking new capabilities in the province.
To view the full annual report, visit: saskpower.com.
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For more information, contact:
SaskPower Media Relations
SaskPower
Regina
Email: mediarelations@saskpower.com
Cell: 1-306-536-2886
